If a Chinese seller unilaterally raises the price in an international steel trade transaction, it can be a challenging situation to handle. Here are some steps you can consider taking to address the issue effectively.
Sourcing steel from China can sometimes expose you to various fraudulent activities.
You’d better choose a branch of SGS as your quality assurance agency in advance.
You will lose the chance to claim if you keep agreeing to new delivery dates after delays.
It will impede the enforcement of this judgment in China, says the Ministry of Justice (MOJ). And the MOJ is not bluffing.
No. The Ministry of Justice is the only legal authority to receive requests for service of judicial document from abroad.
Email is the main communication tool in cross-border transactions. It is common, for instance, for many international trade contracts to be concluded, modified, performed or terminated directly by emails.
A study on how the CISG is applied by CIETAC sheds light on the ins and outs of its application in arbitration in China.
Because it might deny afterward that it was its account, and thus that it received your payment.
A recent study on the Application of the United Nations Convention on Contracts for the International Sale of Goods in Chinese Courts provides a perspective into how Chinese courts apply and interpret the CISG.
On 11 Aug. 2022, Yiwu launched a 3-day lockdown due to COVID-19 epidemic control. On 14 Aug., the government of Yiwu issued another notice to extend the lockdown period by 7 days, that is, to August 20, 2022.
The answer is YES, as long as the international sales of goods contracts are concluded between parties whose places of business are in different Contracting States of the United Nations Convention on Contracts for the International Sale of Goods (the “CISG”). In such cases, the Chinese courts shall apply the Convention automatically.
In international trades, many traders do not always use formal contracts when doing business in China. Instead, they use simple purchase orders (POs) and proforma invoices (PIs), which do not cover all the details of the transaction.
Have you ever encountered with the situation where the lawyers appointed by China Export & Credit Insurance Corporation (hereinafter referred to as “SINOSURE”) to collect the payment for goods from you?
You need to determine where you are going to sue, and what law is applicable to your case. If you are planning to file a lawsuit in China, then we have prepared 8 tips for you in this article to help you evaluate your potential legal action.
You have to prove the specific transaction agreed in the contract during the lawsuit in China.
What evidence should you prepare? Documentary evidence (physical documents), electronic documents, and recordings are all necessary in this regard.
Good news for the creditors with a US judgment! Now, American civil/commercial judgments are highly likely to be recognized and enforced in China.
There are three things you can do to get your deposit or advance payment back from a defaulting or fraudulent Chinese company: (1) negotiate a refund, (2) claim liquidated damages, or (3) terminate the contract or order.
In China, courts charge much less than arbitration institutions. But if there is an appeal, the cost of litigation is not much cheaper than the cost of arbitration.